Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago on . Most recent reply

User Stats

113
Posts
51
Votes
Matt B.
  • Investor
  • Chicago
51
Votes |
113
Posts

Master lease offer with agent

Matt B.
  • Investor
  • Chicago
Posted

Wanted to get some input from the BP community regarding how one might approach submitting an LOI for a Master Lease Agreement as opposed to buying a property with an agent.

Since agents make a commission on the sale, I don't see why an agent would be motivated speak with their client about this (regardless of if they have a fiduciary obligation). While this offer may not be favorable for the agent, it is quite good for the owner.

(I should mention that a dual-agency agreement has been signed between the seller, agent and myself)

Perhaps I'm imagining a worse case scenario, but I can't help but think an agent would have a bad-attitude towards this kind of offer since it would affect their commission. Instead of discussing the good & bad  with the seller, they instead may just put a strong emphasis on the negative in hopes the offer is rejected.

A better question may be, how could one structure such an offer so that the agent is likely to go in with a positive attitude (despite the offer being for the seller) .

Any and all suggestions are appreciated!

Loading replies...